Share Issue/Capital Change • Sep 14, 2014
Share Issue/Capital Change
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PRESS RELEASE Airport City, Israel September 14th , 2014
UNITRONICS (1989) (R"G) LTD.
Airport City, Israel – September 14th, 2014 – Unitronics published the attached Immediate Report pursuant to the requirements of Israeli law, concerning the results of its public offering of Non-Convertible Debentures (Series 5) in Israel in September 2014.
Unitronics (1989) (R"G) Ltd. is an Israeli company that engages, through its Products Department, in the design, development, production, marketing and sale of industrial automation products, mainly Programmable Logic Controllers ("PLCs"). PLCs are computer-based electronic products (hardware and software), used in the command and control of machines performing automatic tasks, such as production systems and automatic systems for industrial storage, retrieval and logistics. The Company also engages, through its Systems Department and/or its subsidiaries, in the design, construction and maintenance services in the framework of projects for automation, computerization and integration of computerized production and/or logistics systems, mainly automated warehouses, automated distribution centers and automated parking facilities. The Company's PLCs are distributed by over one hundred and forty distributors (and a wholly owned US subsidiary) in approximately fifty countries throughout Europe, Asia, America and Africa. The services of the Systems Department are provided to customers in Israel and also outside Israel.
This press release contains certain forward-looking statements and information relating to the Company that are based on the beliefs of the Management of the Company as well as assumptions made by and information currently available to the Management of the Company. Such statements reflect the current views of the Company with respect to future events, the outcome of which is subject to certain risks and other factors which may be outside of the Company's control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein as projected, anticipated, believed, estimated, expected or intended.
(Pursuant to Article 30 of the Israeli Securities Law, 5728-1968 and to the Israeli Securities Regulations (Prospectus Offer Results Announcement), 5730-1969)
Further to publishing of the shelf prospectus dated August 20th, 2014 (the, "Shelf Prospectus"), and the Company's report dated August 20th, 2014 announcing the company's intention to raise debt from the public by way of an offering in Israel (only) of non-convertible Debentures (series 5) of the Company, the Company published a Shelf Offer Report dated September 10th, 2014 (the "Shelf Offer Report"). Following consummation of the offering under the Shelf Offer Report, Unitronics published the following Immediate Report pursuant to the requirements of the Israeli law, concerning the results of its public offering.
The outstanding balance of the Debentures bears annual interest at the rate detailed below, payable in semiannual payments on the 28 of February and on the 31 of August of each of the years 2015 to 2023 (inclusive), for a period of six month period ending the day before the date of the interest payment, except for the first interest payment which will take place on March 1, 2015, for the period commencing on September 14 2014 and ending on February 28, 2015, calculated based on 365 days per year.
Pursuant to the Shelf Offer Report, the Company offered the public in Israel up to NIS 40,000,000 par value Debentures in 40,000 units in a uniform offer (as defined in the Israeli Securities Regulations (Securities Public Offer Manner), 2007), and in a tender offer for the interest rate, which will not exceed an annual rate of 5.9%. The units' composition and price are as follows:
| NIS 1,000 par value Debentures offered at 100% of their par value | NIS 1,000 |
|---|---|
| Overall sum per unit | NIS 1,000 |
The list of subscribers for the Debentures offered to the public as described above, was opened on September 11th, 2014 at 14:30 and closed on the same day at 16:30.
Respectfully,
Date: September 14th, 2014 Name of the signatory: Mr. Gavriel Badusa Position of Signatory in the reporting corporation: CFO
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